Cambodia embraces Belt and Road Initiative
President Xi Jinping’s announcement of the Belt and Road Initiative (BRI) in 2013 was widely welcomed by many Asian countries. Studies suggest that there is a significant need of infrastructure development across Asia, including Southeast Asia. According to the ADB Report in 2017, Asia needs at least $8.2 trillion in financing infrastructure investment from 2010 […]
What Will It Take for Cambodia to Actually Strike Oil and Gas?
A new set of international companies are optimistic about Cambodia’s nascent oil and gas industry, but they are investing in an extractive business that has proven costly and yielded only delays, not yet profit. The Canadian-listed gold mining company Angkor Gold announced this year that it would start exploring oil and gas blocks onshore in […]
PM – Vietnam agrees to provide additional 50MW of electricity
Prime Minister Hun Sen has told Fresh News that Vietnamese Prime Minister Nguyen Xuan Phuc has decided to provide the additional of 50MW of electricity on top of 200MW supply to Cambodia. The Premier added that the Vietnamese Prime Minister conveyed best regards to Cambodian King, the President of the Senate, the President of the […]
Cambodia electricity shortage cripples small businesses
Large parts of Cambodia have had to endure hours of daily power outages after the country’s main provider said it was unable to meet demand due to dry weather. Small businesses are suffering the most. It’s hot and humid in KT Beauty, a salon owned by Morn Sokunthea. The red-and-black chairs are empty. The fans […]
Cambodia asks Vietnam to supply more electricity
Mine and Energy Minister Suy Sem today requested the Vietnamese government supply more electricity to help address a current shortage in the Kingdom. A ministry press release said that Mr Sem today discussed the matter at the ministry with Le Bien Cuong, commercial counsellor at the Vietnamese embassy. “His Excellency Suy Sem asked the Vietnamese […]
Chinese construction rush aggravates Cambodia’s electricity shortage
Amid chronic blackouts, the Cambodian People’s Party government is getting poor marks for energy planning. © Reuters PHNOM PENH — Regular power blackouts are plaguing Cambodia where the national grid is starved by drought-stricken hydropower plants and stressed by booming demand from heavy Chinese investment in the construction sector. Power shortages have caused weeks of scheduled […]
Cambodia steps up fight against climate change
PHNOM PENH, 8 April 2019 – Considered one of the most vulnerable countries in the world to the effects of climate change, the Royal Government of Cambodia is taking major steps to improve its resilience and reduce its disaster risk with support from the UN Office for Disaster Risk Reduction. To build Cambodia’s resilience and […]
Ministry says Cambodia will have to export its oil
Lacking the infrastructure needed to process the commodity, Cambodia will have to sell its crude oil when it starts producing later this year, the Ministry of Mines and Energy said yesterday. KrisEnergy is expected to extract the first drop of crude oil late this year or early 2020, but that oil will not be refined […]
Cambodia agrees lease for Turkish power ship
Turkey-based 232MW rental power ship ‘Kaya Bey’ docked at Karachi Port Trust (KPT) in 2010. RIZWAN TABASSUM/AFP Cambodia succeeded in negotiations to lease a 200MW Turkish power ship to meet electricity demands in Phnom Penh, amid a nearly 400MW electricity shortage nationwide, Prime Minister Hun Sen said on Friday. Speaking at the 18th Government-Private Sector […]
Strong Demand for Gas to Power Generation in Cambodia
Surrounded by bigger international players from neighbouring countries, Cambodia’s potential to import LNG has always been overlooked till recently. Announcements of interests by Russia and Indonesia to develop Cambodia’s LNG infrastructure in Cambodia depicts the immense opportunity for gas to power in Cambodia. As one of the fastest growing economy amongst other ASEAN countries, with […]